METSÄ BOARD Annual review 2024
Benchmark Regulation reference
EU Climate Law reference
Datapoints that derive from EU legislation A list of data points from cross-cutting and topical standards derived from EU legislation and their locations.
Pillar 3 reference
ESRS INDICATOR
LOCATION & COMMENT
SFDR reference
ESRS E2 – Pollution E2-4 Amount of each pollutant listed in Annex II of the E-PRTR Regula- tion (European Pollutant Release and Transfer Register) emitted to air,
Benchmark Regulation reference
EU Climate Law reference
E2 Actions ; E2 Emissions to air -table; E2 Emissions to water -table
Pillar 3 reference
Business operations and value creation 2 This is Metsä Board 4 CEO’s review 6
ESRS INDICATOR
LOCATION & COMMENT
SFDR reference
x
water and soil paragraph 28
ESRS 2 – General disclosures GOV-1 Board’s gender diversity paragraph 21 (d)
The role of, information provided to and sustainability matters addressed by the administrative, management and super- visory bodies The role of, information provided to and sustainability matters addressed by the administrative, management and super- visory bodies
ESRS E3 – Water and marine resources E3-1 Water and marine resources paragraph 9
x
x
E3 Policies
x
Strategy and financial targets
E3-1 Dedicated policy paragraph 13
Not material.
GOV-1 Percentage of board members who are independent paragraph 21 (e)
x
x
8
Value creation
E3-1 Sustainable oceans and seas paragraph 14 E3-4 Total water recycled and reused paragraph 28 (c)
Not material.
x
GOV-4 Statement on due diligence paragraph 30
Due diligence process -table
E3 Water withdrawals and consumption and wastewater discharges -table E3 Water withdrawals and consumption and wastewater discharges -table E4 The identification and assessment of material impacts, risks and opportunities E4 The identification and assessment of material impacts, risks and opportunities E4 The identification and assessment of material impacts, risks and opportunities
x
Financial development 10 Key figures 12
x
SBM-1 Involvement in activities related to fossil fuel activities paragraph 40 (d) i SBM-1 Involvement in activities related to chemical production paragraph 40 (d) ii SBM-1 Involvement in activities related to controversial weapons paragraph 40 (d) iii SBM-1 Involvement in activities related to cultivation and production of tobacco paragraph 40 (d) iv ESRS E1 – Climate change E1-1 Transition plan to reach climate neutrality by 2050 paragraph 14 E1-1 Undertakings excluded from Paris-aligned Benchmarks paragraph 16 (g)
Not material.
E3-4 Total water consumption in m 3 per net revenue on own operations paragraph 29
x
x
x
x
Report of the Board of Directors
Not material.
ESRS E4 – Biodiversity and ecosystems IRO 1 - E4 paragraph 16 (a) i
x
x
20 20 37 70 89 96
• Sustainability statement
x
Not material.
x
x
General information
IRO 1 - E4 paragraph 16 (b) IRO 1 - E4 paragraph 16 (c)
x
Not material.
E – Environment
x
S – Social responsibility
x
G – Governance
E4-2 Sustainable land / agriculture practices or policies paragraph 24 (b) E4-2 Sustainable oceans / seas practices or policies paragraph 24 (c)
Not material.
x
E1 Transition plan for climate change mitigation and adaptation
x
Annexes to the Sustainability statement
Not material.
x
E1 Reporting principles for metrics
x
x
98 Consolidated financial statements 102 Notes to the consolidated financial statements 150 Parent company financial statements 153 Notes to the parent company financial statements 166 The Board’s proposal to the Annual General Meeting for the distribution of funds 167 Auditor’s Report 171 Sustainability statement assurance report 173 Shares and shareholders 177 Ten years in figures 178 Taxes 179 Production capacities 181 Calculation of key ratios and comparable performance measures Corporate governance 183 Corporate governance statement 190 • Board of Directors of Metsä Board 194 • Corporate Management Team of Metsä Board
E4-2 Policies to address deforestation paragraph 24 (d)
E4 Policies
x
E1-4 GHG emission reduction targets paragraph 34
E1 Metsä Board’s 2030 sustainability targets ; E1 Transition plan for climate change mitigation -table; E1 Reporting principles for metrics E1 Total energy consumption by energy source -table E1 Energy consumption and combination of energy sources -table E1 Energy consumption and combination of energy sources -table
ESRS E5 – Resource use and circular economy E5-5 Non-recycled waste paragraph 37 (d) E5-5 Hazardous waste and radioactive waste paragraph 39 ESRS S1 – Own workforce SBM3 - S1 Risk of incidents of forced labour paragraph 14 (f) SBM3 - S1 Risk of incidents of child labour paragraph 14 (g)
x
x
x
E5 Waste use and disposal -table
x
E1-5 Energy consumption from fossil sources disaggregated by sourc- es (only high climate impact sectors) paragraph 38
E5 Waste use and disposal -table Metsä Group’s operations do not pro- duce radioactive waste.
x
x
E1-5 Energy consumption and mix paragraph 37
x
S1 Policies
x
E1-5 Energy intensity associated with activities in high climate impact sectors paragraphs 40 to 43
x
S1 Policies
x
E1-6 Gross Scope 1, 2, 3 and Total GHG emissions paragraph 44
E1 GHG emissions -table
x
x
x
S1-1 Human rights policy commitments paragraph 20
S1 Policies
x
E1-6 Gross GHG emissions intensity paragraphs 53 to 55 E1-7 GHG removals and carbon credits paragraph 56
E1 GHG intensity -table
x
x
x
S1-1 Due diligence policies on issues addressed by the fundamental International Labor Organisation Conventions 1 to 8 paragraph 21 S1-1 Processes and measures for preventing trafficking in human beings paragraph 22 S1-1 Workplace accident prevention policy or management system paragraph 23
S1 Policies
x
Not material.
x
S1 Policies
E1-9 Exposure of the benchmark portfolio to climate-related physical risks paragraph 66 E1-9 Disaggregation of monetary amounts by acute and chronic physical risk paragraph 66 (a) E1-9 Location of significant assets at material physical risk paragraph 66 (c) E1-9 Breakdown of the carrying value of its real estate assets by ener- gy-efficiency classes paragraph 67 (c) E1-9 Degree of exposure of the portfolio to climate-related opportunities paragraph 69
Not material.
x
x
S1 Policies
x
Not material.
x
S1-3 Grievance/complaints handling mechanisms paragraph 32 (c)
S1 Processes to remediate negative impacts and channels for the company’s own workers to raise concerns ; G1 Mechanisms for identifying, reporting and investigating concerns
Not material.
x
x
Not material.
x
S1-14 Number of fatalities and number and rate of work-related accidents paragraph 88 (b) and (c) S1-14 Number of days lost to injuries, accidents, fatalities or illness paragraph 88 (e)
S1 Health and safety -table
x
x
Not material.
x
S1 Health and safety -table; S1 Reporting principles for metrics
x
S1-16 Unadjusted gender pay gap paragraph 97 (a) S1-16 Excessive CEO pay ratio paragraph 97 (b) S1-17 Incidents of discrimination paragraph 103 (a)
S1 Total remuneration ratio of women and men -table
x
x
S1 Total remuneration -table
S1 Incidents, complaints and severe human rights impacts -table S1 Incidents, complaints and severe human rights impacts -table
x
196 Remuneration report 201 Investor relations and investor information
S1-17 Non-respect of UNGPs on Business and Human Rights and OECD paragraph 104 (a)
x
x
34
35
Report of the Board of Directors | METSÄ BOARD ANNUAL REVIEW 2024
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